Income Tax Form 121: Saving on TDS will now be easier for senior citizens. The government has discontinued the old forms and introduced a new Form 121. Find out how this new rule will impact your ...

The Income Tax Department has introduced Form No. 121, a new single form which has replaced the old Form 15G and Form 15H, with an aim to make it easier for taxpayers to avoid TDS (Tax Deducted at ...

The Employees’ Provident Fund Organisation (EPFO) has introduced a new compliance framework following the rollout of the Income-tax Act, 2025, replacing the widely used Form 15G and Form 15H with a ...

The Income-tax Act, 2025 has introduced several structural and procedural changes in tax administration in India. One of the important changes is the introduction of Form 121, which replaces the ...

From April 1, 2026, a host of income tax changes will come into effect under the new Income Tax Act, 2025. Among these, the introduction of Form 121 stands out as a key reform for senior citizens, ...

EPFO update: Form 121 replaces 15G and 15H - What EPF members must know about new TDS rules (AI-generated image) In a significant compliance change aligned with the new tax regime, the Employees ...

EPFO replaced Forms 15G and 15H with a single Form 121 from April 1, 2026 Form 121 allows all resident taxpayers to avoid TDS on EPF withdrawals and interest Form 121 requires annual filing and ...

The new Income-Tax Act (ITA) 2025, which came into force from last month (1 April), replaced the original Tax Deducted at Source aka TDS forms — Form 15G and 15H — with a single Form 121. Overall, the ...

A bank deducts 10% TDS if the interest payable on a customer’s fixed deposit exceeds ₹50,000 ( ₹1 lakh for senior citizens) in a financial year. A customer must submit Form 121 to avail a TDS ...